Business Reforms in Philippines

Positive= Doing Business reform making it easier to do business. Negative= Doing Business reform making it more difficult to do business.

DB2012:

Positive Resolving Insolvency:

The Philippines adopted a new insolvency law that provides a legal framework for liquidation and reorganization of financially distressed companies.


DB2011:

Positive Starting a Business:

The Philippines eased business startup by setting up a one-stop shop at the municipal level.


Negative Dealing with Construction Permits:

The Philippines made construction permitting more cumbersome through updated electricity connection costs.


Positive Trading Across Borders:

The Philippines reduced the time and cost to trade by improving its electronic customs systems, adding such functions as electronic payments and online submission of declarations.


DB2010:

Positive Getting Credit:

The Philippines enhanced access to credit with a new credit information act that regulates the operations and services of a credit information system.


Positive Paying Taxes:

The Philippines has eased tax burden on business by reducing corporate income tax rate from 35% to 30%.


Positive Resolving Insolvency:

The Philippines promoted reorganization procedures by introducing pre-packaged reorganizations and also regulated the receiver profession.


DB2009:

Positive Trading Across Borders:

Upgrading the risk management systems and EDI system led to a decrease in import time.


DB2008:

Negative Starting a Business:

The Philippines made the process of starting a business more difficult by increasing the paid in minimum capital requirement.


Subnational Reforms

See subnational business reforms in Philippines

Reform Summaries


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